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Effective hourly rate
What you really earn per hour once all the hours you actually work are counted, not just the contracted ones.
Price your time, activities and goals.Free on iPhone. Private by design.
What it means
Long weeks quietly cut your pay. Evenings, weekend email and commutes all take time the salary doesn't grow to cover.
Working out your effective rate is often the first honest number in a time audit, and the reason many people start protecting their hours.
Example
| Salary | $150,000 |
| 55 hours × 52 weeks | 2,860 hours |
| Effective hourly rate | $52.45 |
| Contracted rate (2,080 hours) | $72.12 |
In Time Valuer
Set the real hours you work in a profile's schedule and Time Valuer prices your time from those, so every cost you see is honest.
Related terms
Questions and answers
What is an effective hourly rate?
What you really earn per hour once all the hours you actually work are counted, not just the contracted ones.
Know what every hour is worth. Download Time Valuer for iPhone.